Shein aims to win over Wall Street and WashingtonIn filing confidentially for an initial public offering, Shein, the ultrafast-fashion retailer, is showing ambition on two fronts.
The company and its underwriters are betting that investors will be more receptive to I.P.O.s, even though high-profile market debuts this fall largely fizzled out.
Shein is also testing whether it can endure what’s likely to be an increase in political heat on the China-founded e-commerce giant.
The company has also set up operations in Ireland and Indiana and hired an array of lobbyists in the U.S.
“No one should be fooled by Shein’s efforts to cover its tracks,” Senator Marco Rubio, Republican of Florida, wrote in a letter to other lawmakers.
Persons:
Marco Rubio
Organizations:
Wall, Washington, underwriters, Republican
Locations:
China, Washington, Singapore, Nanjing, Ireland, Indiana, U.S, Florida